MANILA (AFX-ASIA) – PNOC Exploration Corp said the government’s Privatisation Council has approved two modes of sale for 49% of its 10% participating interest in the US$4.5 billion Malampaya offshore natural gas project, which is covered by Service Contract (SC) No. 38. Bidders can make an offer for 49% of outstanding shares of PNOC Malampaya…

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